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-- i listened to the president yesterday on david gregory "meet the press," and i know he talked about the $1 trillion in spending reductions that he's offered up. which, by the way, i applaud. the problem is, i've never seen them. i don't think the presiding officer has ever seen them. as a matter of fact, there's not a soul in this body that has ever seen the spending reductions that the president has offered up. because they don't exist. now, i know that there was some broad contours that were talked about. i know that some of the people in this body know that lamar alexander and myself offered last week on the floor a bill to raise the debt ceiling so that we don't end up in a situation where the credit of our country is in jeopardy, but to raise the debt ceiling by having $1 trillion in entitlement reforms. by the way, people today paying one-third of the cost of medicare in this country. one-third. 20 million or more americans are going to be on medicare over the next ten years and we're paying for one-third of that. it's a time bomb. and so we've offered reforms to cause medicar
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